Maven acquires Fundamental Tracker Investment Management

The acquisition of FTIM is part of Maven's strategy to widen its asset management business beyond its private equity activities. FTIM, whose main business is the Munro UK Dividend Fund, a passive tracker OEIC, will be rebranded under the Maven name following the transaction.

Maven also plans to establish a fund management division specialising in the management of quoted assets as part of its expansion. The GP was bought out from Aberdeen Asset Management in 2009 by its management. Its primary focus is to provide private equity and mezzanine funding with recent transactions including the exit from Homelux to QEP Company and the £900,000 mezzanine investment in Merson Signs. The firm also recently launched a £5m top-up offer for its Maven Income and Growth VCT 4 fund.

Company
The primary business of Fundamental Tracker Investment Management Limited is the Munro UK Dividend Fund, a passive tracker OEIC tracking the returns of the largest shares in the UK stockmarket. The product uses a dividend forecast model to determine asset allocations. The fund was established in Glasgow in 2007 and will continue to be managed by Rob Davies who has joined Maven as part of the acquisition.

People
Bill Nixon is managing partner at Maven Capital Partners. 

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• UK / Ireland
• Buyouts
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• United Kingdom
• Maven Capital Partners